Argentina’s dramatic World Cup win last weekend not only gave the country a long-sought third title, but also opened a period of rare popular euphoria that could translate into positive expectations for a crisis-prone economy.
Such expectations however may be misplaced. Experts agree that mood bumps like this typically don’t have a massive impact on aggregate figures. Our colleague Augusta Saraiva recently reported that while Argentina was better placed than France to reap the economic benefit of winning sports’ most precious prize, the impact is likely limited to an extra 0.25 percentage point of economic growth in the two quarters following the tournament.
